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Freddie Mac CFO Discusses First Quarter 2025 Financial and Business Results

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Economic, Housing and Mortgage Market Outlook – January 2025

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Housing and Economic Research

Original research and analysis on housing trends, the economy and the mortgage market

  • Research Brief | July 31, 2023

    Temporary Mortgage Rate Buydown Activity Spiked in Late 2022, Now Becoming Less Common

    In the second-half of 2022, temporary mortgage rate buydowns increased in popularity. However, several factors explain why temporary rate buydowns remain a niche market. More

    Temporary buydown activity is primarily concentrated in the western United States
  • Outlook | July 24, 2023

    Economic, Housing and Mortgage Market Outlook – July 2023 | Spotlight: Rate Lock-In Effect

    The U.S. economy grew at its long-run average rate of 2% during the first quarter of 2023 and the labor market remains strong with an unemployment rate below 4%. The housing market has been impacted by high rates with millions of U.S. homeowners locked into previously low mortgage rates and content to remain in their current homes, helping to keep inventory low. More

    Exhibit 3: Percent Change in New Listings - Bar chart of the percentage change in listings of existing homes by month in 2022 and 2023 as compared to 2016-19 average where listings were down 35% in April 2023 but were only down 7% in April 2022.
  • Consumer Research | June 21, 2023

    Housing Sentiment in the Second Quarter of 2023

    In the second quarter of 2023, consumer confidence remains unchanged while housing affordability and payment concerns continue to be top-of-mind. More

    Research Brief 2Q23 HOP
  • Outlook | June 16, 2023

    Economic, Housing and Mortgage Market Outlook – June 2023 | Spotlight: Homeownership Rates

    The U.S. economy is stalling as higher interest rates weigh on interest rate-sensitive sectors like housing. But the U.S. consumer has been resilient, and the broader economy has weathered several adverse shocks over the past year and a half, avoiding a recession so far. More

    The Philadelphia Federal Reserve Bank’s GDPPlus combines both GDP and GDI to produce a composite estimate, and, as of June 7, 2023, GDPPlus estimates output growth at -1.4% and -1.2% for 2022Q4 and 2023Q1 respectively.
  • Research Brief | June 2, 2023

    Millennials More Concerned Than Other Generations by Weather-Related Effects on Housing

    More than half of all homeowners have grown more concerned about weather-related events. But according to a recent survey, the Millennial generation is far more likely to turn these concerns into action. More

    Each generation's likelihood to move if weather-related events become more frequent
  • Research Brief | May 24, 2023

    The Top 10 Metro Areas Homebuyers Are Moving Into and Out of

    According to recent Freddie Mac research, the pace of net migration is declining but the same metro areas are experiencing net migration gains and losses. More

    The top five metro areas with the largest net migration gains

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Opinions, estimates, forecasts, and other views contained in this document are those of Freddie Mac’s economists and other researchers, do not necessarily represent the views of Freddie Mac or its management, and should not be construed as indicating Freddie Mac’s business prospects or expected results. Although the authors attempt to provide reliable, useful information, they do not guarantee that the information or other content in this document is accurate, current or suitable for any particular purpose. All content is subject to change without notice. All content is provided on an “as is” basis, with no warranties of any kind whatsoever. Information from this document may be used with proper attribution. Alteration of this document or its content is strictly prohibited. ©2025 by Freddie Mac.

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Average Rates as of May 8, 2025
30-Yr FRM
6.76%
15-Yr FRM
5.89%

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